FM Growth
  • 22 Nov.2020
  • 2 min read
  • 1003 views

The Rise of CREtech! Embrace the new agile solutions beyond innovation and technology

by Umesh Bhutoria

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Hello Everyone,

Now as you can clearly see that as a result of working under the not so “Business As Usual” scenario, I’ve had some time to go back to writing and share some of my thoughts around the Commercial Real Estate and Facilities Management sector in general.

Hoping you enjoy the candid and kind of original thoughts which are inspired by conversations with a number of prospects and clients across multiple geographies.

One of the certain implications of the post Covid19 scenario is the need to redesign and reimagine the existing Facility and Asset Management contracts.

This is going to be inspired by the need to manage costs and also as a measure to adequately be prepared on the digital front (should such a thing ever happen again, hope it never does).

Here are some of my key picks, these are 5 points that i think will emerge in times to come:-

  • Reliable and Cost Effective Software Support

Incumbent software companies will face the heat, now more than ever no one will like to pay for features that they don’t use!

  • Shift to Data Driven Maintenance.

not everyone will still move to predictive maintenance or operations in general, but most will like to have some sort of data-driven mechanism going in now!

  • Higher Investments on Data Analytics.

The relevance of having the right insights, on-demand will go up. Along with that, investments in an upskilling workforce will find more speed.

  • Centralised Service Delivery Model

Having been in the reckoning for some time now, the centralized service delivery model will emerge again.

  • Leveraging Strengths.

Wider collaboration between start-ups -start-ups and start-ups-incumbents likely, niche comes back in focus.

Your list and thoughts?

Is your facility management team ready for the performance based contracts? Or thinking about starting asset performance analytics trials? Well, this CXO’s Guide will answer all of your questions regarding APM trials and help you prepare for the performance based trials.  

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